Piaggio Aerospace history

From the financial gains that it had garnered from these industries, Rinaldo Piaggio was able to construct a large factory based in Final Marina during 1906.

In 1915, during the opening years of the First World War, the company produced its first Piaggio-branded aircraft.

Penga and Gabrielli worked together to create numerous technical solutions to aviation problems; to support their aerodynamic research, in 1928, Piaggio completed a new wind tunnel.

Piaggio P.7 (high-wing racing monoplane for the 1929 Schneider Trophy seaplane race; unflown) it:Piaggio P.C.7

During 1938, Senator Rinaldo Piaggio died at 71 years old, thus ending the Rinaldo Piaggio era.

In 1948, Piaggio launched the Piaggio P.136, a twin-engine seaplane that was operated by the Italian Air Force and various other operators, often in liaison/sea transport capacity.

By 1957, Piaggio had also developed the Piaggio P.166, a twin-engine light transport aircraft, which was marketed and produced for military customers and civilian personnel worldwide.

In 1960, Piaggio secured a production license for the Rolls Royce Viper turbojet engine; shortly thereafter, the firm began manufacturing jet engines.

During 1966, the company formally separated into two separate entities, one being the aviation-focused Piaggio Aero and the other becoming Vespa, a specialist company in the production of motor scooters.

During 1990, the Avanti received type certification from multiple aviation authorities and entered service shortly thereafter.

In November 1998, the Piaggio Aero Industries was established and founded in its current form by Mr.

During 2000, Tushav decided to surrendered its interest in Piaggio Aero Industries; the entity had once held a controlling 51% stake in the company, but this hold had reduced in favour of new Italian investors buying into Piaggio.

During 2006, the Mubadala Development Company acquired a 35% stake in Piaggio Aero Industries S.p.A.; Mubadala is a wholly owned investment vehicle of the Government of the Emirate of Abu Dhabi, in the United Arab Emirates.

In parallel with these programmes, the company continued to make improvements to the base P.180 Avanti, introducing an extended-range model during 2013.

The Piaggio Aero changed its name to Piaggio Aerospace last October 2014.

During 2015, the Mubadla Development Company acquired 100% of the capital stock, assuming full control of Piaggio, after obtaining the final 1.95% of the stock from Piero Ferrari.

On 3 December 2018, Piaggio Aerospace was admitted into receivership after having declared itself insolvent.

During February 2020, it was announced that Piaggio Aerospace had been put up for sale.